February 1, 2023 @ 10:17 pm By Omar Faridi  |  

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions,  announced the broad introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform aimed at “helping firms in both the traditional finance and digital asset space combat financial crime.” The… Read More

February 1, 2023 @ 9:59 pm By JD Alois  |  

The House Financial Services Committee has announced its first round of hearings under the leadership of Chairman Patrick McHenry. First on the list is a full Committee hearing on the economic threat of China. Other hearings include the Subcommittee on Capital Markets scheduling a session on… Read More

February 1, 2023 @ 9:45 pm By Omar Faridi  |  

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing traditional… Read More

February 1, 2023 @ 9:31 pm By Omar Faridi  |  

Paymentology, which claims to be the “first” global issuer-processor, announces the appointment of Nadia Benaissa as Global Head of Marketing, and member of its leadership team. Nadia is “a seasoned marketing expert with a passion for fintech, bringing with her more than 20 years’ experience… Read More

February 1, 2023 @ 9:22 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, announced “the addition of Experian and Trulioo veteran Jon Jones as the company’s new senior vice president of worldwide sales, and the promotion of Simon Winchester to vice president of global account… Read More

February 1, 2023 @ 7:17 pm By Omar Faridi  |  

Yobi, the AI-focused customer communications app catering specifically to the small business community, announced that it has raised a total of $2.37M as part of its oversubscribed seed round. The funds from the investment round will “support company operations, team expansion and product innovation.” The… Read More

February 1, 2023 @ 6:24 pm By JD Alois  |  

The Chair of the House Financial Services Committee, Patrick McHenry, issued a statement today as he led its Organizational Meeting for the 118th Congress. McHenry said that under his leadership, the Committee is ready to boost innovation as well as pursue policy that fosters economic… Read More

February 1, 2023 @ 5:01 pm By Omar Faridi  |  

Personetics, the global leader in financial data-driven customer engagement, released a report titled “Spotlight on North America: Banks and Credit Unions Need to Promote Customers’ Financial Well-Being.” The report, based “on a study conducted by Forrester Consulting on behalf of Personetics, details the opportunities and… Read More

February 1, 2023 @ 5:00 pm By JD Alois  |  

As was widely anticipated, today, the US Federal Reserve announced a 25 basis point increase to its benchmark rate as it continues to battle nagging inflation that has imperiled the economy. The vote by the Federal Open Market Committee (FOMC) was unanimous in its decision…. Read More

February 1, 2023 @ 12:24 pm By Omar Faridi  |  

ConsenSys, a blockchain technology company, announced its newest initiative, MetaMask Learn. MetaMask Learn is “a free-to-use resource available in 10 languages for anyone interested in learning about web3.” It provides “an interactive MetaMask UI environment to help onboard those new to self-custody, and guides users… Read More

February 1, 2023 @ 12:03 pm By JD Alois  |  

Checkout.com announced leadership changes described as a “significant step” in its expansion in the US as it aims to challenge market leader Stripe. Based in London, Checkout.com launched in 2012, becoming an authorized payment institution. and then an electronic money institution (EMI) in 2017. In… Read More

February 1, 2023 @ 11:43 am By JD Alois  |  

S&P Global Market Intelligence is out with a research note that is predicting a “wave” of mergers and acquisitions in the Fintech sector as the economy slows. The firm states that an unforgiving stock market and declining cash reserves will compel US Fintechs to consolidate… Read More

February 1, 2023 @ 11:26 am By JD Alois  |  

Varo Bank, the first Fintech to receive a federal bank charter and become a regulated digital-only bank, continues to lose money as it pursues its mission of improving the financial health of its customers. A document recently filed with the Office of the Comptroller of… Read More

February 1, 2023 @ 9:52 am By JD Alois  |  

The credit card business is a good one as this type of credit typically charges outlandish rates as well as silly fees. Today, the Consumer Financial Protection Bureau (CFPB) is specifically targeting late fees charged to consumers as it proposes a reul that aims to… Read More

February 1, 2023 @ 9:33 am By Omar Faridi  |  

ViewTrade, the force that powers fintech, announced extensive client growth over the course of 2022 as the firm continues to expand, “now serving financial services firms in 26 countries.” Culminating in the launch of a carrying broker services offering in December, 2022 was a year… Read More

February 1, 2023 @ 9:16 am By JD Alois  |  

The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver… Read More

February 1, 2023 @ 8:20 am By Omar Faridi  |  

TransUnion (NYSE: TRU) has announced a strategic investment in Bud Financial Limited, a key player focused on Open Banking and data intelligence. This dynamic partnership will “help drive innovation and growth in the personal finance market and support better outcomes for consumers, with greater financial… Read More

February 1, 2023 @ 8:17 am By Omar Faridi  |  

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and… Read More

January 31, 2023 @ 10:47 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced the licensing of two finance companies that are “specialized in debt-based crowdfunding, namely: Forus and Tameed.” The licenses were “granted to the companies after successful testing of their solutions in SAMA’s Regulatory Sandbox; an experimental environment dedicated to innovative… Read More

January 31, 2023 @ 10:21 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the launch of Cowbell Academy, a unique institution that “offers insurance agents and brokers lessons on cyber insurance.” The program “includes general classes such as Cyber Insurance 101, assessments to help brokers… Read More